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Resources > Glossary > Initial Escrow Account Disclosure Statement

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Initial Escrow Account Disclosure Statement

Function: noun

Definition 1:
The initial escrow account disclosure statement discusses escrow payments over one year. It shows how taxes and insurance will be calculated during that one year time period. A potential home buyer should know how much funds the escrow account will need, and how the money will be dispersed.

Thesaurus / Related Terms
Escrow Collections
Escrow Account
Escrow Disbursements
Escrow Payment